The wording is in such a way as to lock me into that broker for the duration even if I don’t use him.

Hi @Kent Kettell, assuming you're running the numbers on your end, any loan offer that enables you to acquire the asset given your level of cash reserves and reach your target ROI at the expected project duration, net of financing costs.If you don't already have a useful calculator to assess cost and profitability associated with fix & flip projects I'm happy to share a copy of ours!

The couple times I have bought with these liens in place, it has been done correctly, but you should definitely make sure proper notice was given or the IRS lien technically remains in place.I disagree on duration of redemption period as you posted it; see link below for 26 U.

Basically looking for a pretty simple template that specifies the renter details, duration, and acknowledges they will follow the rules for my condo association.

It is very very rare for a DSCR Loan to have a prepayment penalty duration more than 5 years2) Generally this will range from 5% for the entire period, to a "descending penalty" structure which is very common - such as "5/4/3/2/1" where its 5% first year, 4% second year, 3% third year etc. 

Depending on the intention and duration of the borrowed capital investors should be aware of the exact penalty terms and options to reduce costs if a sale of refinance of the property is expected within 2-3-5 years. 

With that said you're heading for success, RE investment is about duration.

It is why I used the longest duration that neighborhoodscout provides.  

This adaptability has been essential to risk management and guaranteeing that my cash flow remains positive for the duration of the investment. 

That has been changing however with the rise of Airbnb and VRBO, and now more guests expect that all to be supplied for the duration of their stay, and not just have a starter supply.